1995 E Florida Ave - Fast Food FOR SALE


Hemet, CA 92544- Outer San Jacinto
$1,390,000 USD
909-230-4500
1995 E Florida Ave, Hemet, CA for Sale
$1,390,000 USD
Fast Food - FOR SALE
1/5
null | Request Cap Rate

1995 E Florida Ave
Hemet, CA 92544
Outer San Jacinto


HIGHLIGHTS

  • Located on the SWC of E. Florida Ave and Yale Street with visibility to ±27,720 / CPD
  • Daytime population of 20,006
  • Overall population of 114,754
  • Average household income in excess of $79,576.
  • Surrounding national tenant mix includes Walmart Neighborhood Market, Stater Bros, Harbor Freight, Grocery Outlet, Planet Fitness, Starbucks
  • SBA financing allows for buyers to lease up to 49% of their building, creating the opportunity to further reduce occupancy costs.

OVERVIEW

Opportunity to either lease the existing former bank which is ±3,775 SF or ground lease the parcel and replace the existing building. Located on the SWC of E. Florida Ave and Yale Street with visibility to ±27,720 / CPD Within a 3-mile radius, demographics show a daytime population of 20,006 and an overall population of 114,754 with an average household income in excess of $79,576. Surrounding national tenant mix includes Walmart Neighborhood Market, Stater Bros, Harbor Freight, Grocery Outlet, Planet Fitness, Starbucks, True Value, Taco Bell, Rent-A-Center and more. Purchase financing is available to owner-users through the Small Business Administration. Down payments are as little as 10%. As an owner, one can benefit from the potential appreciation of the asset. After removing principal paydown and accounting for only the interest portion of the monthly loan payment, the cost to occupy (and own) this building can be - far less than the cost of leasing. SBA financing allows for buyers to lease up to 49% of their building, creating the opportunity to further reduce occupancy costs.

FOR SALE DETAILS

PRICE

$1,390,000 USD

PRICE/SF

$368 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

±3,775 SF Building For Sale Or Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

C-1, Hemet

APN/PARCEL ID

445-280-038

ASK ABOUT THIS PROPERTY

Albert LopezProgressive Real Estate PartnersMore Info
909-230-4500

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Albert LopezProgressive Real Estate PartnersMore Info
909-230-4500

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.